In Accounting, the Rule That Requires That Assets, Services, and Liabilities

question 288

Short Answer

In accounting, the rule that requires that assets, services, and liabilities be recorded initially at the cash or cash-equivalent value of what was given up or of the item received is called the ________.

---

Definitions:

Biological Treatments

These are medical procedures and interventions used to treat psychological disorders by affecting the body's biological systems.

Internet Gaming Disorder

A condition recognized by various healthcare organizations, characterized by excessive and compulsive engagement in video games, leading to significant impairment or distress.

DSM

Short for Diagnostic and Statistical Manual of Mental Disorders, it is a handbook used by healthcare professionals as the authoritative guide to diagnose mental disorders.

Cigarette Smoking

The act of inhaling and exhaling the smoke of burning tobacco encased in cigarettes, often leading to addiction and health risks.